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119 14th St 8 Unit Apartment Building Offered at $5,698,000 at a 2.32% Cap Rate Huntington Beach, CA 92648
Investment Highlights
- Incredible "100 Block" Location in Downtown
- 2- and 3-Bedroom Units
- Steps to the Sand; Minutes to Main Street and Pacific City
- Abundant Parking - 14 Total Garages
- Two Adjacent 4-Plexes; Eligible for Residential Financing
- Recent Capital Improvements - New Roofs, Electrical Panels, and Decks
Executive Summary
Rarely available 8-unit investment, consisting of two adjacent fourplexes on separate parcels (123 14th St. is the other address; $2,849,000 per 4plex). Originally built in 1973, the buildings have new roofs completed in 2024 and newer electrical panels. The total unit mix consists of (2) 3BR/2.5BA, (4) 2BR/2BA, and (2) 2BR/1.5BA, complemented by 14 single-car garages, patios, balconies, on-site laundry, and fireplaces in the 3-bedroom units. Set in a prestigious "100 Block" location, the properties are just steps from the sand. They are also mere minutes from Pacific City, a 31-acre oceanfront hub with 60+ retail and dining options, in addition to the bustling culinary, shopping, and social scene on Main Street. Downtown Huntington Beach is the epitome of a supple-constrained coastal enclave, perfect for investors seeking irreplaceable assets.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$237,240
|
$27.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,111
|
$0.82
|
| Effective Gross Income |
$230,129
|
$26.66
|
| Taxes |
$64,854
|
$7.51
|
| Operating Expenses |
$33,262
|
$3.85
|
| Total Expenses |
$98,116
|
$11.37
|
| Net Operating Income |
$132,013
|
$15.29
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $237,240 |
| Annual Per SF | $27.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,111 |
| Annual Per SF | $0.82 |
| Effective Gross Income | |
|---|---|
| Annual | $230,129 |
| Annual Per SF | $26.66 |
| Taxes | |
|---|---|
| Annual | $64,854 |
| Annual Per SF | $7.51 |
| Operating Expenses | |
|---|---|
| Annual | $33,262 |
| Annual Per SF | $3.85 |
| Total Expenses | |
|---|---|
| Annual | $98,116 |
| Annual Per SF | $11.37 |
| Net Operating Income | |
|---|---|
| Annual | $132,013 |
| Annual Per SF | $15.29 |
Property Facts
| Price | $5,698,000 | Apartment Style | Garden |
| Price Per Unit | $712,250 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 8,632 SF |
| Cap Rate | 2.32% | Average Occupancy | 100% |
| Gross Rent Multiplier | 24.01 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1973 |
| Property Type | Multifamily | Parking Ratio | 1.62/1,000 SF |
| Price | $5,698,000 |
| Price Per Unit | $712,250 |
| Sale Type | Investment |
| Cap Rate | 2.32% |
| Gross Rent Multiplier | 24.01 |
| No. Units | 8 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.26 AC |
| Building Size | 8,632 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.62/1,000 SF |
Amenities
Unit Amenities
- Balcony
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 2 | $2,240 | - |
| 2+2 | 4 | $2,357 | - |
| 3+2.5 | 2 | $2,855 | - |
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Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
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119 14th St